Friday, December 25, 2009

Stock Trading Tips - Buy Dena Bank For Short Term

Checkout this stock trading tip discussed on Moneycontrol. Rahul Mohindar of Viratechindia has advised to buy stocks of Dena bank as short term stock trading idea.Banking is a good sector. Dena Bank looks good. The stoploss at this point is Rs 78. The price target is between Rs 95-98. This is a good short term call which means you could get this in something as low as 3-5 weeks. This would be on my buy list.

Dena Bank and Vijaya Bank look very interesting at these levels. Majority of the banking stocks have a good 5-10 bar kind of correction over the last 2-3 weeks, so I think it’s about time they are going to play catch up.

Reading stock charts, one can see the stock correcting between Rs. 80-85. This could be a good level to buy stocks for target of RS. 95-98.

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